What is the relation among the capitalism,socialism and communism?
Capitalism is an economic system. Socialism and communism are political ideologies. Communism used to use a command economic system. As to relation.. Communist China now uses capitalist mechanisms in their economic system. Although the state still has ultimate control of the system, it allows production of goods, prices and wages to be determined largely by market forces. They have a stock market(s) and banking similar to the democratic nations of the west. But they’ll still throw you in prison (at least) if you protest too loudly about the government. Socialism is a political ideology started in the 19th century which has many economic ideals that are incorporated in most democratic capitalist states. Welfare, old age pensions, healthcare, employment insurance are all socialist programs that are widespread in Europe and the Western Hemisphere. Even in the good ol’ US of A. There are many socialists governments throughout the democratic world, where, unlike the USA, socialism is not a
